Bank Of Baku

No real reason to say era of hydrocarbons ending - Putin

No real reason to say era of hydrocarbons ending - Putin
# 10 October 2016 15:19 (UTC +04:00)

Baku – APA. The assumption that the era of fossil fuel energy is ending is premature, Russian President Vladimir Putin said Monday, Sputnik International reported.

 

 

"Amid a more than twofold drop in oil prices, many said that the era of hydrocarbons is nearing its end, that a complete shift to alternative energy sources is necessary. I think that there is no real basis for making such far-reaching conclusions, at least for now," Putin said at the World Energy Congress in Istanbul. 

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